Examlex
Which of the following elements of a report contains information that would interrupt the flow of the report but that readers may find useful?
Holder
A party in possession of a negotiable instrument.
Bearer
An individual in possession of a negotiable instrument or security that is payable to whomever holds the document.
Holder in Due Course
A legal term referring to a party that has acquired a negotiable instrument in good faith and for value, with certain protections against previous claims.
Good Faith
An implied promise to act honestly and not take unfair advantage in transactions.
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